trending Market Intelligence /marketintelligence/en/news-insights/trending/EJ1Nxl6eH1dN_8Tq5A6_yw2 content esgSubNav
In This List

Huntington Ingalls Q3 profit climbs 40.1% YOY

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure


Huntington Ingalls Q3 profit climbs 40.1% YOY

Huntington Ingalls Industries Inc. said its third-quarter normalized net income amounted to $3.02 per share, compared with the S&P Capital IQ consensus estimate of $2.79 per share.

EPS climbed 45.4% year over year from $2.08.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $137.5 million, an increase of 40.1% from $98.1 million in the prior-year period.

The normalized profit margin increased to 7.4% from 5.8% in the year-earlier period.

Total revenue increased 10.7% year over year to $1.86 billion from $1.68 billion, and total operating expenses rose 7.9% from the prior-year period to $1.63 billion from $1.51 billion.

Reported net income grew 38.9% on an annual basis to $148.8 million, or $3.27 per share, from $107.1 million, or $2.27 per share.